Explain the importance of the Federal Deposit Insurance Corporation? - deposit insurance corporation of ontario
FDIC is used to ensure that people do not panic and withdraw their money from the bank every time you robbed a bank's shares Fell / bank / reservoirs economic failure: bank.
I think that guarantees to $ 250,000.
Saturday, January 9, 2010
Deposit Insurance Corporation Of Ontario Explain The Importance Of The Federal Deposit Insurance Corporation?
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The FDIC guarantees deposits (up to $ 250,000 now), if the bank does not. If your bank is by the FDIC, the Federal Government guarantee that your bank fails, the government will cover insured losses of up to $ 250,000.
You will be guaranteed by the government for money that is deposited in the bank if the bank does not. If so, the constitutionally protected you do not lose their money, although $ 100,000 per account.
If your bank is bankrupt, you have insurance for deposits up to certain limits.
This is a note now. and broke liaers Washington to keep fraud above water for the sheep.
It makes people trust banks. It ensures that your money is in a bank safe, even if the bank does not.
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